Tuesday, November 04, 2014: Indian government has just raised the solar capacity generation target by 2020 and to achieve the same the solar pricing model in India is set to be changed, following the pricing model of Germany. It’s expected to enhance the solar power market in India.
In Germany, renewable energy technologies were given a boost through feed-in electricity tariffs and when further investments were sought for, investors received this feed-in tariff, which is a fee which is above the normal electricity rate. This model increased security level of investors. Germany’s solar power market improved by 25 per cent in 2013 and power prices dipped sharply. Ministry of New and Renewable Energy joint secretary, Tarun Kapoor has told media that the union government is considering feasibility of approving fixed tariffs for solar power instead conducting competitive auctions.
CleanTechnica report says the feed-in tariff policy in Germany proved to be a game-changer which reduced the cost of the solar PV panels. The renewable energy industry played a crucial role in new employments in the country. Bloomberg data shows there is already 35GW solar power installed in the European country, while in India it’s only 2.4GW as of now. India is sincerely trying to create more and more energy utilising renewable factors and Germany model will help the country in promoting the solar technologies.
